Attached herewith the news paper publication of despatch of postal ballot notice and evoting process.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Velan Hotels Ltd has informed the stock exchanges about the newspaper publication of its Postal Ballot notice, which was published in 'Afternoon' (English) and 'Pirpagal' (Tamil) on 21 January 2026. The Postal Ballot seeks shareholder approval through e-voting for two Special Resolutions related to the sale of the company's assets under Section 180(1)(a) and Section 180(1)(a) read with Section 188(1)(a) of the Companies Act, 2013. The Notice was dispatched electronically on 20 January 2026 to members recorded as on the cut-off date of 16 January 2026. The e-voting window runs from 21 January 2026 to 19 February 2026 (5:00 p.m.), with results to be declared on or before 23 February 2026. CDSL has been appointed as the e-voting agency, and Mr. S. Ganesh Viswanathan will serve as the Scrutinizer.
This is a procedural compliance filing, but the underlying matter is significant — shareholders are being asked to approve the sale of company assets, which could materially change the business structure of Velan Hotels. The outcome of the vote, expected by 23 February 2026, will be a key event for investors to watch, as asset sales under Section 180/188 may signal restructuring or a change in core operations.